The Kalshi forecast market began to receive Bitcoin (BTC) deposits to implement more cryptocurrency users.
The company that allows users to bet on events, from electoral results to Rotten Tomatoes Film Rats, recorded a forceful enhance among cryptographic traders, Kalshi said Cointelegraph on April 9. For example, contracts for betting on Bitcoin per hour, price changes at 143 million dollars in the amount of stock exchanges, said Spokesperson.
Kalshi is an exchange of derivative instruments regulated by the American Trade Commission Futures (CFTC). From April 9, about 50 contracts for cryptocurrency events were mentioned, including plants markets for the tops and falls of coins in 2025, as well as on headers, such as the US President Donald Trump, the National Bitcoin reserve proposed by US President.
Kalshi doubled on the contract markets of cryptocurrency events. Source: Kalshi
The platform began to accept cryptographic payments in October, when it turned on the deposits of the Stablecoin USD coin (USDC).
Kalshi consists of zerohash-expert infrastructure of cryptocurrency payments-in the case of BTC and USDC and transforming deposits into American dollars. The stock exchange accepts BTC deposits only from the Bitcoin network.
Most Kalshi traders no longer expect that basic tokens will bring positive phrases this year. Source: Kalshi
Related: Kalshi traders put a chance for US recession in 2025 at over 61%
More true than polls
Kalshi, introduced to the market in 2021, gained importance before the November elections in the USA.
This became the best place of trade at political events in 2024. After winning the claim against CFTC, which tried to block Kalshi before exchanging contracts related to elections.
The regulator argued that political forecast markets threaten the integrity of elections, but industry analysts claim that they often grab public sentiments more accurately than polls.
For example, forecasts, including Kalshi, accurately predicted the victory in the presidential election of Trump, even when the polls indicated throwing.
“Markets of events on events are a valuable public good for which there is no evidence of significant manipulations or widespread use for any wicked purposes that the Commission claims,” said Harry Crane, professor of statistics at the University of Rutgers, in an August list of CFTC in an August list.
According to the website, according to April 9, Kalshi traders are thinking about the recession according to the recession at 68%.
In March, Kalshi established cooperation with Robinhood to introduce prognostic markets to the popular online brokerage platform. Robinhood reserves increased by about 8% in messages.
Kalshi competes with PolyMarket, a predictive platform based on Web3. PolyMarket has transformed over $ 3 billion in commercial volumes related to the presidential elections in the USA, although there are no restrictions for American traders.
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